FHA Loan Qualifications and Tips
Updated Oct. 9, 2013
We are often asked the question on how to qualify for an FHA loan. Before we go over the requirements, let's explain what an FHA loan is. An FHA loan is insured against default by the Federal Housing Administration. Thus, the FHA guarantees that a lender don't need to write off a loan if the borrower...

5 Tips to Pay Off Your Mortgage Early
Updated Oct. 9, 2013
Paying off your mortgage early will help you in the long run. In fact, paying off early is in. Mortgage borrowers are finding their ways to minimize their mortgage costs. Though refinancing can help them pay lower every month, it will just prolong the burden of paying debts. When you come to think of it, applying for a...

Home Under Water?
Updated Oct. 9, 2013
What does "home underwater" mean?. Home underwater is a common problem for all mortgage payers who weren't able to settle their loans properly. When you say that your home is underwater, you need to find a way to settle everything to prevent foreclosure. In this situation, the amount of debt is more than the...